eBay "outperform"

14.09.07 - Bear Stearns

NEW YORK, September 14 (newratings.com) - Analyst Robert S Peck of Bear Stearns maintains his "outperform" rating on eBay Inc (EBAY). The target price is set to $41.

In a research note published this morning, the analyst mentions that it is too early to predict the impact of the changes that the company made recently to its ASPs, conversion rates, listings and buyer activity improvements. eBay?s listings are tracking marginally ahead of the estimates in the current quarter, the analyst says.